Automotive Body, Paint, Interior & Glass Repair Industry Profile

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Excerpt from Automotive Body, Paint, Interior & Glass Repair Industry Profile

Companies in this industry are primarily engaged in providing automotive body, paint, interior, and glass repair and replacement services for passenger cars and light trucks. Major companies include Maaco, Pittsburgh Glass Works, Safelite Group (a subsidiary of Belron SA), and Service King Paint & Body (all based in the US), as well as Belron and Carglass (both in Europe).

As more vehicles crowd roads worldwide, demand for repair and replacement services is expected to rise. China is the world's largest car market, followed by the US, Europe, and Japan, according to Statista. Emerging markets in Latin America and Asia will dominate future growth for cars and car repair. After posting years of rapid growth in passenger car sales, India, became the fourth largest auto market in 2019 displacing Germany and expected to displace Japan as the third largest auto market by 2021 with about 3.99 million units sold. Overall, global car sales declined by about 4% in 2019 versus the prior year, according to CNN.

The US automotive body, paint, interior, and glass repair industry includes about 42,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 billion.

COMPETITIVE LANDSCAPE

Demand depends the number of cars on the road and on miles driven. Severe weather events such as hail storms and flooding, may trigger localized spikes in demand for auto body and glass repair, as well ...

 
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